How Do You File Sales Tax In The US?
Filing of sales tax is a serious matter. The seller collects sales tax on the behalf of the state and files the returns with the state each month or year. The payment of sales tax is based on the volume of business that seller conducts. There are three important steps to file sales tax in the US: 1. The state department of revenue of that particular state should be contacted first and a form should be collected. This form will be used for filing sales tax that has been collected by a business firm on behalf of the state. 2. Along with the sales tax, the use tax should also be reported on a regular basis. The items purchased on a wholesale basis but have been withdrawn from the business for personal use is still taxed and this tax is called use tax. 3. The tax form collected from the state’s revenue department has to be duly filled out and filed in the required time period to avoid any penalties or interest. Another way to file sales tax in the US is e-filing. E-filing or electronic fil
